Thanks to significant regulatory victories and growing adoption and historic price milestones, Binance has recorded USD 21.6 billion in revenue in 2024 to date, according to the DefiLlama ranking.
Binance has recorded USD 21.6 billion in revenue in 2024 to date, according to the DefiLlama ranking. This was reported by the exchange to Cointelegraph in Spanish.
"The global user base of Binance grew to nearly 250 million people as new users have moved funds to the exchange to participate in what could be the beginning of the golden age of cryptocurrencies," Binance stated.
The price of Bitcoin records a daily closing record.
This year, Binance commented that the revenues from their platform have been supported by global optimism related to digital assets, driven by significant regulatory victories and growing adoption and historic price milestones.
Furthermore, the success of this year's Binance Launchpool program reflects the growing interest of users in new tokens. Binance noted that these funds tend to remain on the platform.
From Binance, they also highlighted the importance of Bitcoin ETFs in major markets such as the United States, Brazil, Hong Kong, and Australia. They indicated that in just one year, net revenues from BTC ETFs surpassed those of gold ETFs, a testament to the growing role of cryptocurrencies in finance and their integration into more traditional institutions and systems.